Legal funding is when a company provides an attorney or a plaintiff with a portion of their settlement or fees in advance of the case settling (or after it settles) and they are not to be considered loans. All funding provided by Baker Street Funding is non-recourse and the repayment of funds is wholly contingent upon the successful settlement of your litigation. 

The process for plaintiff settlement loans consists of the following:

1. Plaintiffs apply online or by phone. An attorney must represent you. Your lawyer’s co-operation is critical in order for us to accept your claim.
2. Then, we perform a rigorous analysis of legal merits and parties, the strength and length of your claim, and the defendant’s ability to compensate.
3. Lastly, we set up a conference call with counsel. The quicker we have any relevant questions answered by the attorney in charge, the faster funds will be released upon approval.
4. Once approved, the lawsuit cash advance will be wired into your account that same day, or we will overnight you a check via Fed-Ex.

The litigation funding process for companies:

This process is different from pre-settlement loans and a lot more complex. This includes an in-depth analysis of a case or portfolio of cases (for attorneys). The underwriting time differs on every application.

• It takes approximately 72 hours for attorney case funding.
• It can take as little as two weeks for claimants looking for financing with procedurally mature corporate cases and as long as two months for infancy cases.

Baker Street Funding’s initial review of your application is based on our initial phone call, where you will provide publicly available information about your client’s claim. If interest is expressed and depending on your client’s needs, we may require further documentation and a scheduled call with our underwriter. Based on that call/communication and documentation, our underwriter will make the ultimate funding decision. Most cases referred by attorneys get funded because attorneys consistently submit strong fundable claims.

Our involvement as investors does not affect the attorney-client privilege. Multiple recent rulings in all matters of courts have upheld the fact that conversations with third-party lawsuit funding companies are protected by common interest doctrine and thus deemed privileged and confidential. You can rest assured that you are in no way waiving any of your legal rights to confidentiality by seeking funding for your client’s lawsuit.

While it’s always important to carefully consider your financial situation before taking on a lawsuit loan, sometimes a lawsuit loan is the best way to get the money you urgently need for your everyday needs.

Lawsuit loans can be extremely advantageous under the right circumstances. They may be very beneficial because:

• They help plaintiffs pay backed up bills such as rent, phone, electricity, or mortgage.
• Personal injury pre-settlement loans let borrowers pay their medical bills.
• Pre-settlement loans for auto accident victims can be used for the most essential needs while suffering injuries from a car accident.
• They can provide much higher amounts than traditional banks
• They give the plaintiffs fast access to money
• There are no credit or job checks. 
• They are non-recourse; therefore, they are 100% free of any risk.

Lawsuit loans many times also help victims settle for a larger settlement or award. It allows them to get a better settlement offer since their finances are temporarily under control. A lawsuit cash advance funding could sometimes help victims challenge the insurance’s low-ball offers.

Most post-settlement funding companies don’t invest more than $250,000.

With Baker Street Funding, you can apply for a wide range of funding amounts —between $1,500 and $10,000,000 or more, if needed.

The total amount you qualify for will depend on your financial needs vs. the merit of your claim to determine the amount we can provide. 

• Plaintiff pre-settlement funding requested is funded up to 10% of the pending settlement value we assign.
• Medical lien funding is flexible depending on the case. The estimated value of the claim dictates the amount we can fund.
• Post-settlement funding goes up to 50% of the settled case value. The settlement offer must exceed $50,000.
• Law firm funding or loans for legal expenses requested do not have a minimum. Funds may go up to 10% to 50% of fees from an obligor.
• Corporate litigation: The amount requested for institutional plaintiffs must exceed $100,000.
• Settled case funding for institutional claimants must exceed $50,000. Funds may go up to 50% of the settlement.